Recent content by Island Insider

Thanks for sharing this ! It would be really interesting to know how does a company qualify as a holding company in Estonia. Is it still the OU or is it some other type? As I understand there is no dividend tax for this holding company for its Bulgarian company profits, but does the owner of...

Thanks for reply, I understand that if Estonian legal entity owns the Bulgarian entity it is a very solid structure, maybe it does not even need a nominee for Bulgarian company or branch this way. I think Estonian authorities will have no need to question substance. What i dont understand is...

Regarding creating substance in Bulgaria for Estonian resident owned company in Bulgaria. Would you recommend using a Bulgarian or some other nationality nominee director / or second nominee director in addition to Estonian resident who is the owner and director of the Bulgarian company.

Ok clear and as I understand Bulgaria will not withold 5% on dividends knowing that company is owned by Estonian tax resident

As I understand you mean your total tax will be 10% if you dont distribute profits to yourself from Estonian holding or branch? Because I think Estonia taxes both residents and e-residents on distribution of profits eventually.

Thanks!

Do you guys know if a Bulgarian tax resident just receives monthly income from a third party US LLC that is not owned by him at all as a private contractor and client relationship (after signing w8 form in US) would that be taxed as 10% flat or would he be liable for any additional taxes.

Thanks a lot for sharing this! I thought that the only risk is I would be told i owe more tax

Thanks for reply, my idea was that Wyoming pass though LLC wont be treated as Bulgarian company for Bulgarian tax resident, but as i understand they will enforce same rules as on Bulgarian company. I spoke to Bulgarian attorney first he said as well 15% in total and then followed up that if i...

I was told by someone that pass though LLC in Bulgaria could be taxed at 5% (dividend tax) if paid out as dividends not monthly income (which would be 10% as i understand). Would be great to hear if anyone has experience with that.

Thanks yes it seems it was just an affiliated company, their partner told me it is going to be much more expensive and not suitable for commercial reasons that i have

Thanks a lot!

Do you guys have any good companies to recommend for establishing CZ OSVC, i spoke to this one here http://pexpats.com/ They offer completely remote service with remote housing registration, to establish CZ residency. But i am not sure how legit the company is they run ads on Facebook. They want...

What do you guys think about such services offering a Swiss Foundation for 890 CHF, it could be something very basic but maybe its good as a holding to some other foreign company for shareholder privacy, as it would have minimal amount of transactions it could be maybe cheap to maintain? No min...

Can someone explain why cant you keep your existing banking with PY residency?